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Mainland IPO value to top world in 2010

The Chinese mainland stock market is set to top the world this year in the value of initial public offerings (IPO), the 21st Century Business Herald reported on Tuesday. New energies to lead copper growth Meanwhile, the Hong Kong Stock Exchange, the top IPO market in 2009, has ...

China Construction Bank H1 net profit soars 27%

A woman passes by an outlet of China Conconstruction Bank in Beijing on July 20,2009. HONG KONG - China Construction Bank (CCB), the country's second largest bank, said Sunday its net profit in the first half of this year jumped 27 percent to reach 70.78 billion yuan ($10.4 ...

GEB lifts yuan-based funds

David Rubenstein, co-founder and managing director of the Carlyle Group, speaks at a conference in Beijing. The characters mean "China". The US private equity firm launched two renminbi funds in China in August. [Photo/Agencies] Red-hot Growth Enterprise Board drives interest in ...

Green car subsidy trials start in five pilot areas

A BYD electric car is on display at Auto China 2010 in Beijing. BYD's production goal for its green cars is 1,000 units in 2010. It has no plans to shift to mass production this year. Provided for China Daily News of sector incentives pushes lithium-battery maker shares up ...

China's shining light in the energy challenge

Entrepreneur believes 60 percent of the world's power will come from the sun 100 years from now XINYU: Peng Xiaofeng is not one to be deterred from his personal mission by the heavy rain pouring down outside his office. It might be a dreary day in Xinyu but the 34-year-old ...

Cameco to supply uranium to China's nuclear power company

Cameco Corp,the largest uranium producer in Canada, signed a long-term agreement to supply 29 million pounds of uranium concentrate to China's State-owned nuclear power company. China Guangdong Nuclear Power Holding Co Ltd (CGNPC), the country's largest clean-energy enterprise, ...

Goldwind to make mark in US with wind farm energy supply deal

A worker assembles wind turbines at Goldwind Science & Technology Co Ltd in Urumqi. Goldwind expects its 106.5-megawatt project in Illinois to cost between $150 million and $200 million. [Photo / Bloomberg] NEW YORK - Xinjiang Goldwind Science & Technology Co will sell power to ...

Goldwind to make mark in US with wind farm energy supply deal

A worker assembles wind turbines at Goldwind Science & Technology Co Ltd in Urumqi. Goldwind expects its 106.5-megawatt project in Illinois to cost between $150 million and $200 million. [Photo / Bloomberg] NEW YORK - Xinjiang Goldwind Science & Technology Co will sell power to ...

Bright Food inks NZ deal

Models show off clothes made of recycled materials from Shanghai Bright Dairy & Food Co Ltd products. [Yang Yi / China Daily] Beijing - Shanghai-based Bright Dairy & Food Co has agreed to pay $58 million for a 51 percent controlling stake in New Zealand's Synlait Milk Ltd, its ...

China Eastern to launch JV

SHANGHAI - China Eastern Airlines Co Ltd, one of the nation's three major carriers, said on Tuesday that it will set up a joint venture in Kunming with the Yunnan provincial government, as part of its effort to explore the southwestern market. The Shanghai-based carrier said in a ...

US court ruling could impact SOEs

Investment deals outside the country excluded from securities litigation State-owned enterprises (SOEs) with investments or operations in the United States - or considering a public listing - are digesting a Supreme Court decision late last month that has potentially far-reaching ...

Chalco, Europe's Sapa to form aluminium JV

An employee of Aluminum Corp of China walks inside the company's headquarters in Beijing March 26, 2010. [Agencies] HONG KONG - Aluminum Corp of China Ltd, China's biggest aluminium maker, and Europe's Sapa AB said on Wednesday they have agreed to form a joint venture to serve ...

BBVA may boost CITIC Bank stake

The Spanish bank is expected to earmark 1.1b euros to increase its stake to 15 percent in China CITIC Bank. [China Daily] China's medium-sized lenders are competing to raise capital from foreign partners or the stock market and eyeing opportunities to boost loan business in the ...

Sands China raises $2.5b after pricing IPO at bottom

The company plans to use the IPO funds to restart a casino resort in Macao. [Bloomberg News] Sands China Ltd and its parent, the casino company controlled by billionaire Sheldon Adelson, raised HK$19.4 billion ($2.5 billion) in a Hong Kong initial public offering conducted at the ...

China Southern gets govt cash boost

An airport ground staff member stands in front of a China Southern airplane at Taiwan Taoyuan international airport. The cash injection will help China Southern to lower its debt-to-equity ratio.[Agencies] SHANGHAI: Shares in China Southern Airlines were suspended yesterday on ...

BoCom set to raise funds via rights issue

The Bank of Communications headquarters in Shanghai. The lender is likely to raise up to 30 billion yuan through a rights offering in Hong Kong and Shanghai to replenish its capital base. The Ministry of Finance is the largest shareholder in the Shanghai-based lender. [China ...

Market restrictions to end in 15 yrs: expert

Bourses expected to be fully open to foreign investors by 2025 China's stock markets are likely to be fully open to foreign investors within 15 years, according to a leading investment expert. Direct foreign dealing in Chinese stocks is currently restricted through the government...

Selling Google, buying Baidu helps fund beat competitors

Scottish money managers' moves reflect shift in economic power EDINBURGH: When Google Inc, owner of the most popular Internet search engine, said on Jan 12 it may close its website in China, Edinburgh money manager James Anderson sold the stock and bought Beijing-based rival ...

China CNR to supply Shanghai subway cars

Trial runs of the Shanghai No 8 Subway line. [China Daily] China CNR Corp, one of the two largest train manufacturers in the country, is expanding its business in the urban rail transit equipment sector, which is expected to generate 900 billion yuan by 2015 - benefiting from a ...

Goldwind gets nod for HK IPO

Visitors looking at a Goldwind turbine at a wind power exhibition in Beijing. The wind power equipment maker expects overseas sales will account for up to 30 percent of its business over the next three to five years. [Wu Changqing / for China Daily] Listing comes as company eyes ...
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Latest World News

china

China slams Japan's NHK governor's denial of Nanjing massacre
China slams Japan's NHK governor's denial of Nanjing massacre
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Bill Gates talks nuclear
Bill Gates talks nuclear
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China's reform leading group holds first meeting
China's reform leading group holds first meeting
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world

finance

Reforms to fuel Shanghai's growth in 2014
Reforms to fuel Shanghai's growth in 2014
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Economist sees world economy strengthening in 2014
Economist sees world economy strengthening in 2014
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Xinhua Feature: World's political, business leaders gather in Davos for WEF
Xinhua Feature: World's political, business leaders gather in Davos for WEF
DAVOS, Switzerland, Jan. 22 (Xinhua) -- The snow-covered Swiss town of ...

company

industry

Chinese leader calls for more marine power
Chinese leader calls for more marine power
Chinese Vice Premier Zhang Gaoli Sunday called for research in polar ...
Court rejects Apple lawsuit over iPad name
Court rejects Apple lawsuit over iPad name
Shenzhen Municipal Intermediate People's Court has rejected a lawsuit ...
Super car club in commercial drive
Super car club in commercial drive
On the night of Nov 11, more than 150 super cars were driven into the ...

trade

sports

Fourteen countries expected to compete in Cuba's wrestling tourney
Fourteen countries expected to compete in Cuba's wrestling tourney
Some 14 countries and regions are expected to compete in the 45th ...
Yao's gift of sport for all
Yao's gift of sport for all
Chinese NBA player Yao Ming teaches a boy with special needs how to ...
Stars 'Big Three' fall short of title in 1st year
Stars 'Big Three' fall short of title in 1st year
Miami Heat's LeBron James (R) stands with teammates Chris Bosh (C) and ...
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